Showing 1 - 10 of 595
Asian shares decline as US rate-cut hopes dim
Business, Published on 25/05/2024
» RECAP: Asian stocks tracked Wall Street lower in response to more economic data that signalled the US Federal Reserve might keep interest rates on hold for most of this year. Regional currencies also took a hit as dollar strength persisted.
Baht fundamentals have deteriorated
Business, Published on 23/05/2024
» Uncertainty surrounding the US interest rate trajectory, alongside geopolitical tensions, underpin much of the baht's weakness so far this year. We think the baht will trade sideways and reach 37.50 to the US dollar by year-end once these temporary factors subside.
Superrich responds digitally to growing travel card threat
Business, Somruedi Banchongduang, Published on 15/05/2024
» Despite growth in foreign arrivals, Superrich Currency Exchange (1995) Co, a leading local money changer, recorded zero growth in transactions during the first four months of this year, primarily attributed to competition from travel card services.
Privilege card loophole lets criminals in front door
News, Published on 13/05/2024
» The Central Investigation Bureau (CIB) is still looking into foreign nationals who are in the nation on elite visas and engaging in dubious business.
Digital wallet eligibility terms tweaked
Wichit Chantanusornsiri, Published on 08/05/2024
» The government has added a new condition for its digital wallet handout, saying recipients must not have more than 500,000 baht in their deposit accounts as of March 31.
DeeMoney Shines at Money20/20 with ASEAN Fintech Innovations
Published on 08/05/2024
» DeeMoney, a leading application for cross-border payment services in Thailand, made a lasting impression at Money20/20 Asia, showcasing its prowess as a dynamic non-bank fintech player. Amidst JP Morgan and the Bank of Thailand luminaries, Aswin Phlaphongpanich, CEO and Co-Founder of DeeMoney, shared insights in a panel discussion titled “Navigating Challenges and Opportunities in ASEAN’s Cross-Border Payment Landscape”.
Thais skimp on dining during trips
Business, Molpasorn Shoowong, Published on 01/05/2024
» Outbound travellers are saving on dining, spending a lot more on shopping and luxury products during their trips, with Japan and China the top destinations during the Songkran holiday, according to YouTrip, a multi-currency digital wallet.
6 members of 2 major scam gangs arrested, including 2 Chinese nationals
Wassayos Ngamkham, Published on 29/04/2024
» Six suspected members of two major call centre scam gangs have been arrested separately with cash and other assets worth about 42 million baht seized. One Chinese suspect managed digital wallets with about 70 billion baht in circulation.
Calculating the cost of war
Business, Published on 29/04/2024
» Currency depreciation, a surge in oil prices and a decline in purchasing power often result from geopolitical conflicts.
Global and Thai economies face rising risk
Business, Published on 27/04/2024
» Three recent events have changed the world economic picture and monetary policy outlook.